The main taxes in the Republic of Armenia are Profit Tax (Corporate Income Tax), Income Tax (Personal Income Tax), Value Added Tax, Excise Tax, Property Tax, Land Tax and Simplified Tax.

Legislative taxation framework
The tax system is based mainly on the legislation of European countries, designed to assist the development of market economy.

Under the Profit Tax Law, treatment of resident and non-resident companies is identical, with a single rate of Profit Tax. The same applies for Income Tax, with a series of progressive rates of tax applying to both resident and non-resident individuals.

Case law
The Armenian legislation does not use the concept of binding precedents and there is no published judgments on which to base with certitude the interpretation of tax legislation.

Armenian tax legislation consists of the Law of the Republic of Armenia on Taxes, Laws on different types of taxes, Governmental Decisions and State Administrations Acts.

Anti-avoidance
The Armenian tax legislation includes anti-avoidance rule. The arm's length principle generally applies to transactions between related parties. Such transactions shall be performed at market value.

Clearance procedures
There are no formal clearance procedures.

Capital taxation
The owners of real estate and vehicle are subject to annual Property Tax based on the value of buildings and the power of a traction engine. The landlords, permanent and temporary users of the state property land are subject to annual Land Tax based on the cadastral value of land.

In the Republic of Armenia there are no other taxes on the capital or net worth of companies. There is no individual wealth tax in the Republic of Armenia.